State and Municipal Securities Regulations: Hearings Before the Committee on Interstate and Foreign Commerce, House of Representative, Seventy-ninth Congress, First Session, on H.R. 693, a Bill to Clarify the Application of the Securities Exchange Act of 1934 to Exempted Securities, and for Other PurposesU.S. Government Printing Office, 1945 - 130 páginas |
Términos y frases comunes
adopted amendment applicable to exempted apply asked price authority banks bid and asked Boren bill broker or dealer brokers and dealers BROWN BULWINKLE buyers CHAIRMAN CLARENCE F Commission's committee County crime dealings in municipal deceptive device or contrivance effect enacted Exchange Commission fraud fraudulent device funds going HAGERMAN HARRIS HINSHAW industry intention of Congress interest Interstate and Foreign investors ipal issuance legislation LYLE H maturities municipal bonds municipal financing municipal securities MURPHY national securities exchange O'HARA O'KEEFE offered Ohio opinion otherwise fraudulent percent power to define private securities promulgated proposed rule provisions PURCELL purchase or sale purpose question registration require rules and regulations secondary market section 15 Securities Act Securities and Exchange Securities Exchange Act security financing sell sentence sold statement statute thing tion trading transactions in municipal United WEIGOLD WOLVERTON WOOD York City
Pasajes populares
Página 103 - No broker or dealer shall make use of the mails or of any means or instrumentality of interstate commerce to effect any transaction in, or to induce or attempt to induce the purchase or sale of, any security (other than an exempted security or commercial paper, bankers...
Página 102 - To use or employ, in connection with the purchase or sale of any security registered on a national securities exchange or any security not so registered, any manipulative or deceptive device or contrivance in contravention of such rules and regulations as the Commission may prescribe as necessary or appropriate in the public interest or for the protection of investors.
Página 103 - ... acceptances, or commercial bills) otherwise than on a national securities exchange, by means of any manipulative, deceptive, or other fraudulent device or contrivance. The Commission shall, for the purposes of this subsection, by rules and regulations define such devices or contrivances as are manipulative, deceptive, or otherwise fraudulent.
Página 101 - ... (1) to employ any device, scheme, or artifice to defraud, (2) to make any untrue statement of a material fact or to omit to state a material fact necessary in order to make the statements made, in the light of the circumstances under which they were made, not misleading, or .3) to engage in any act, practice or course of business which operates or would operate as a fraud or deceit upon any person, in connection with the purchase or sale of any security.
Página 108 - ... at the market" or at a price related to the market price unless such broker or dealer knows or has reasonable grounds to believe that a market for such security exists other than that made, created, or controlled by him, or by any person for whom he is acting or with whom he is associated in such distribution, or by any person controlled by, controlling, or under common control with him.
Página 108 - manipulative, deceptive, or other fraudulent device or contrivance," as used In Section 15 (c) (1) of the Act, Is hereby defined to Include any...
Página 101 - ... (a) Any security issued or guaranteed by the United States or any Territory or insular possession thereof, or by the District of Columbia, or by any State of the United States or political subdivision or agency thereof.
Página 108 - ... dealer or his agent or employee is vested with any discretionary power any transactions of purchase or sale which are excessive in size or frequency in view of the financial resources and character of such account. (b) The term "manipulative, deceptive, or other fraudulent device or contrivance...
Página 77 - Cong.) of the Interstate and Foreign Commerce Committee of the House of Representatives of the United States of which the Hon.
Página 102 - It shall be unlawful for any person, directly or indirectly, by the use of any means or instrumentality of interstate commerce, or of the mails or of any national securities exchange, "(a) To employ any device, scheme, or artifice to defraud.